⇗ Fantom Turned Sonic: A Consolidated Crypto Review

The selected news reflects a dynamic period for Fantom, now rebranded to Sonic. The cryptocurrency's price has undergone notable fluctuations, with significant gains noted over 30-day periods in 2024 but also dips after each yearly high. The Sonic rebrand has shown strength, with predictions of an up to 50% price gain. This development was often coupled with announcements like the launch of the Sonic mainnet and a whopping 10,000 transaction per seconds (TPS) speed. However, other analyses suggest a market miss at the price point predicted for 2025 and a lack of momentum.
Partnership news includes an interesting blend of technology adoption, with Fantom technology being used to automate aerocomposite non-destructive testing (NDT) and electric boat enterprises. Yet, Sonic's narrative has been clouded by scrutiny from regulatory bodies such as the Commodity Futures Trading Commission (CFTC), resulting in temporary trading suspensions on platforms like Coinbase.
Sonic has declared a clear vision for its future with distinct DeFi Strategies and a new high-speed blockchain. Additionally, notable alliances were secured with Binance and Bybit and their support for the token swap was crucial. Lastly, Fantom succeeded in scoring legal wins against Multichain and grappling with hacking incidents. Despite challenges, many investors and analysts anticipate strategic gains for this cryptocurrency.

Fantom News Analytics from Fri, 21 Jun 2024 07:00:00 GMT to Wed, 04 Jun 2025 08:03:50 GMT - Rating 5 - Innovation 7 - Information 6 - Rumor 4